2020 Election

[bacha29]

Are you high right now?

I'm not poor.
I have no problem with a safety net for poor people who are incapable of working. If that's what social security was, it wouldn't be in this situation, and the tax wouldn't be so high.

I'm willing to not get anything from social security. Let's make it for poor people.

You're pushing a massive government program that steals from young people so that able bodied people can sit on their asses for a third of their adult life.

You should really think about your stupid position on this issue.

The system is a covenant between generations that has existed for generations. To end the current system would be the same as what you do to get out of a binding contract.....buy it out much in the same way UPS bought it's way out of the pension contract that existed at the time. You would have to do the same with Social Security and the cost of that buyout as I mentioned earlier was conservatively estimated at 2 trillion dollars.

Likewise I mentioned earlier an individual can based on their total income pay federal income tax on as much as 85% of their Social Security benefits and I payed 85% last year and could come close to that amount in 2019 . It's no free ride for the boomers pal...not even close.

Now you talked about people sitting on their asses for a third of their lives. May I remind you that by means of that very system you too could very well end up doing the same .It all depends on how long you live. Moreover a Brookings Institute study concluded that ongoing improvements in processes and technology could eliminate more than 30 million jobs by 2030. So do you really want boomers out there competing for jobs in what could be a badly over supplied job market?

You really should think about your simplistic solutions because the issues are far too complex for them to be effective because if they stood a chance to be effective then why haven't they been passed into law?

 

[Box Ox]

The system is a covenant between generations that has existed for generations. To end the current system would be the same as what you do to get out of a binding contract.....buy it out much in the same way UPS bought it's way out of the pension contract that existed at the time. You would have to do the same with Social Security and the cost of that buyout as I mentioned earlier was conservatively estimated at 2 trillion dollars.

Well Bernie did just unveil a $16.3 trillion climate plan today. $2 trillion doesn't sound so bad now!

 

[newfie]

You're not saying anything I didn't mention earlier. There is a solution on the table. Why not go take a look at it. BTW being that you're a grandfather that's a clear admission that your own peak earning years might just be behind you and face the facts Jack you really and truly don't know how long your savings will last or whether your company pension plan will be able to continue to pay the anticipated monthly benefits.

a solution to a ponzie scheme would be to end the scheme. propping it up with understanding that it will suck more money down the black hole is not a solution

 

[newfie]

The system is a covenant between generations that has existed for generations. To end the current system would be the same as what you do to get out of a binding contract.....buy it out much in the same way UPS bought it's way out of the pension contract that existed at the time. You would have to do the same with Social Security and the cost of that buyout as I mentioned earlier was conservatively estimated at 2 trillion dollars.

witch's covenant?
or you would kill the politicians little cash spending cow that they can steal from and leave their worthless IOU's for .

 

[newfie]

You missed his point which is that you, DiIdo, are not a good person!

which we are all in agreement with

 

[DriveInDriveOut]

The system is a covenant between generations that has existed for generations. To end the current system would be the same as what you do to get out of a binding contract.....buy it out much in the same way UPS bought it's way out of the pension contract that existed at the time. You would have to do the same with Social Security and the cost of that buyout as I mentioned earlier was conservatively estimated at 2 trillion dollars.

Likewise I mentioned earlier an individual can based on their total income pay federal income tax on as much as 85% of their Social Security benefits and I payed 85% last year and could come close to that amount in 2019 . It's no free ride for the boomers pal...not even close.

Now you talked about people sitting on their asses for a third of their lives. May I remind you that by means of that very system you too could very well end up doing the same .It all depends on how long you live. Moreover a Brookings Institute study concluded that ongoing improvements in processes and technology could eliminate more than 30 million jobs by 2030. So do you really want boomers out there competing for jobs in what could be a badly over supplied job market?

You really should think about your simplistic solutions because the issues are far too complex for them to be effective because if they stood a chance to be effective then why haven't they been passed into law?

Your generation breached the contract by not paying enough in. How are you still confused?

 

[DriveInDriveOut]

You missed his point which is that you are not a good person!

 

[moreluck]

Limit politicians to 2 terms:
One in office
One in prison

 

[bacha29]

a solution to a ponzie scheme would be to end the scheme. propping it up with understanding that it will suck more money down the black hole is not a solution

If the program were to end ...fine. But, you still haven't answer the main reason why it hasn't ended.....When FiCA contributions end how do you continue to fund existing obligations?Remember you only need 40 quarters of earnings to qualify for benefits therefore a person could have his 40 quarters paid in by age 29 and legally be entitled to benefit even though he hasn't paid in a cent in the following 38 years. So what do you tell him when he files for lawfully entitled benefits? " Sorry Bud, the funds exhausted'? He along with millions of other will sue for benefits and they will almost certainly win. At the very least they will be awarded a refund of their contributions along with upwards of 40 years of compound interest.

In addition what are you going to do about Medicare. The FICA contributions pays for that as well. Oh sure you'll have your UPS retirement healthcare benefits but they could cut that off tomorrow and then where will you be?

 

[Old Man Jingles]

In addition what are you going to do about Medicare. The FICA contributions pays for that as well. Oh sure you'll have your UPS retirement healthcare benefits but they could cut that off tomorrow and then where will you be?

At work.

 

[bacha29]

Your generation breached the contract by not paying enough in. How are you still confused?

What a sorry arse response. The generation that follows your own will be saying the very same thing. However you are right in one sense of the word . FICA taxes should have been raised in response to the increase in life expectancy however Social Security has been bringing in more money than it has paid out since 1982 making it pretty tough to pass legislation to boost tax percentages. It did however over the years raise the earnings cap How else do you account for the 2.9 trillion is reserves it has loaned out to general revenues which by the way currently earns SS 2.85% interest .

 

[bacha29]

At work.

What do you mean by that? Are you trying to say that EVERY employer has an employer funded healthcare plan? Let alone one that provides retirement healthcare benefits? LMAO In addition, take a closer look at the cute little catch phrase companies use today. It's called "legacy" costs. Want to know what that is? That pal is your employer funded healthcare plan. One that companies today are using every trick in the book in an effort to get out of having to continue to pay. Want to see what employment conditions are like outside of your sheltered little UPS world? Go over and take a look at what it's like at Fedex Ground where you'll see that the vast majority of X Ground contractors pay absolutely NOTHING toward an employer funded benefit package of any kind.

 

[vantexan]

If the program were to end ...fine. But, you still haven't answer the main reason why it hasn't ended.....When FiCA contributions end how do you continue to fund existing obligations?Remember you only need 40 quarters of earnings to qualify for benefits therefore a person could have his 40 quarters paid in by age 29 and legally be entitled to benefit even though he hasn't paid in a cent in the following 38 years. So what do you tell him when he files for lawfully entitled benefits? " Sorry Bud, the funds exhausted'? He along with millions of other will sue for benefits and they will almost certainly win. At the very least they will be awarded a refund of their contributions along with upwards of 40 years of compound interest.

In addition what are you going to do about Medicare. The FICA contributions pays for that as well. Oh sure you'll have your UPS retirement healthcare benefits but they could cut that off tomorrow and then where will you be?

These young guys are so rude about it I think they should pay in and not get anything....just kidding!

 

[Jkloc420]

What do you mean by that? Are you trying to say that EVERY employer has an employer funded healthcare plan? Let alone one that provides retirement healthcare benefits? LMAO In addition, take a closer look at the cute little catch phrase companies use today. It's called "legacy" costs. Want to know what that is? That pal is your employer funded healthcare plan. One that companies today are using every trick in the book in an effort to get out of having to continue to pay. Want to see what employment conditions are like outside of your sheltered little UPS world? Go over and take a look at what it's like at Fedex Ground where you'll see that the vast majority of X Ground contractors pay absolutely NOTHING toward an employer funded benefit package of any kind.

Everybody is poor in socialism

 

[oldngray]

 

[Old Man Jingles]

In addition what are you going to do about Medicare. The FICA contributions pays for that as well. Oh sure you'll have your UPS retirement healthcare benefits but they could cut that off tomorrow and then where will you be?

At work.

What do you mean by that?

At work.

 

[DriveInDriveOut]

FICA taxes should have been raised in response to the increase in life expectancy

Taxes should not be raised because life expectancy goes up, the age to receive benefits should go up.

You don't even consider that because liberals want people living off the government for a third of their adult lives. Most entitled generation ever.

 

[DriveInDriveOut]

Social Security has been bringing in more money than it has paid out since 1982 making it pretty tough to pass legislation to boost tax percentages.

And still needs more to stay afloat.
That's the point.

It is a Ponzi scheme.
Libturds won't stop until people are giving everything to the government to be redistributed as they see fit.

 

[bacha29]

Taxes should not be raised because life expectancy goes up, the age to receive benefits should go up.

You don't even consider that because liberals want people living off the government for a third of their adult lives. Most entitled generation ever.

Legislation passed in 1983 gradually phased in a higher retirement age from 65 to the current 67 and if the age was raised again you would be among the cluckers hollering the loudest.

 

[DriveInDriveOut]

Legislation passed in 1983 gradually phased in a higher retirement age from 65 to the current 67.

36 years ago they raised it two whole years. LMAO.